Answer:
$525,000
Explanation:
The amount to be recognized as research and development expense for the year includes the cost of research and development services performed by Key Corp. for Orr, the cost incurred on testing of pre-production prototypes and models as well as the cost of testing in search for new products or process alternatives,
In other words, all costs incurred would be expensed since no of them met the capitalization criteria as per generally acceptable accounting principles
Inventory are the products which are directly involved in the manufacturing of a business. Inventory includes raw materials inventory, work in progress inventory and finished goods inventory.
In a merchandising business, inventory includes all the products available for use. There are inventories in the administrative section of the company also which is known as the supplies Inventory.
Purchases are a nominal account that forms part in the cost of goods sold. Purchases term is used in the manufacturing firm and is the raw materials needed in the production of their product, thus will also form part of the inventory account if there is a left over for it.
Inventory on the other hand can come from the purchases itself in terms of the raw materials.
<u> There are many </u><u>inventory control</u><u> such as the following:</u>
Conducting different semi annual inventory count to know the actual number of inventory in hand against the monitoring of the inventory
Maintaining security of the facility of the stockroom storage by having cctv and padlock of the room.
Checking the incoming and outgoing inventory based on the documents given in the store.
Proper segregation of duties must be there, the record keeper should not be the same person as the one holding the inventory.
To know more about inventory here:
brainly.com/question/15118949
#SPJ4
Answer:
It means making an effort to constantly explain your actions, decision-making approach and communication methods and learning to lead in different ways to motivate your team to trust in your abilities as a leader and to follow you. Seeking specialised cultural diversity support?
Explanation:
plzzzzzzz follow me
and Mark my answer in brainlist
Answer:
The answer is: $3,657
Explanation:
To determine the amount of the loan we have to calculate the present value of the future payments discounting the interest rate of 5.85%.
PV loan = <u>$987 </u> + <u> $1,012 </u> + <u> $1,062 </u> + <u> $1,162 </u>
1.0585 1.0585^2 1.0585^3 1.0585^4
PV loan = $932.45 + 903.23 + 895.47 + 925.64
PV loan = $3,656.80
Answer:
In total 84,000 income tax will be reported.
Explanation:
taxable income 280,000
tax rate: 30%
tax expense: taxable income x tax rate:
280,000 x 30% = 84,000
The company already expected 50,000 tax income:
income tax expense 50,000 debit
cash 50,000 credit
So it will adjust for the difference: 84,000 - 50,000 = 34,000
income tax expense 34,000 debit
income tax payable 34,000 credit
In total 84,000 income tax will be reported.